Wall Street brokerages predict that Blueknight Energy Partners LP (NASDAQ:BKEP) will announce ($0.02) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Blueknight Energy Partners’ earnings. Blueknight Energy Partners posted earnings of ($0.09) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 77.8%. The business is expected to announce its next quarterly earnings results on Wednesday, October 30th.

According to Zacks, analysts expect that Blueknight Energy Partners will report full year earnings of ($0.10) per share for the current year. For the next year, analysts expect that the firm will report earnings of ($0.12) per share. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Blueknight Energy Partners.

Blueknight Energy Partners (NASDAQ:BKEP) last announced its quarterly earnings data on Wednesday, August 7th. The pipeline company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.01. The firm had revenue of $94.08 million during the quarter. Blueknight Energy Partners had a negative return on equity of 4.51% and a negative net margin of 9.26%.

Several equities research analysts recently issued reports on BKEP shares. ValuEngine raised Blueknight Energy Partners from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research downgraded Blueknight Energy Partners from a “buy” rating to a “hold” rating in a research note on Friday, July 26th.

Shares of Blueknight Energy Partners stock opened at $1.26 on Wednesday. The stock has a 50-day moving average price of $1.30 and a 200 day moving average price of $1.28. Blueknight Energy Partners has a 1 year low of $1.00 and a 1 year high of $2.75.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Friday, August 2nd were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 12.70%. The ex-dividend date was Thursday, August 1st. Blueknight Energy Partners’s dividend payout ratio is currently -55.17%.

Institutional investors have recently made changes to their positions in the stock. RBF Capital LLC bought a new stake in shares of Blueknight Energy Partners in the 2nd quarter worth approximately $29,000. Geode Capital Management LLC raised its holdings in shares of Blueknight Energy Partners by 115.6% in the 4th quarter. Geode Capital Management LLC now owns 52,800 shares of the pipeline company’s stock worth $60,000 after purchasing an additional 28,310 shares during the period. Deutsche Bank AG bought a new stake in shares of Blueknight Energy Partners in the 4th quarter worth approximately $312,000. Invesco Ltd. bought a new stake in shares of Blueknight Energy Partners in the 2nd quarter worth approximately $2,483,000. Finally, Zazove Associates LLC raised its holdings in shares of Blueknight Energy Partners by 13.6% in the 2nd quarter. Zazove Associates LLC now owns 2,190,979 shares of the pipeline company’s stock worth $2,542,000 after purchasing an additional 261,582 shares during the period. 17.89% of the stock is owned by hedge funds and other institutional investors.

Blueknight Energy Partners Company Profile

Blueknight Energy Partners, L.P. provides integrated terminalling, gathering, and transportation services for companies engaged in the production, distribution, and marketing of liquid asphalt and crude oil products in the United States. The company operates through four segments: Asphalt Terminalling Services, Crude Oil Terminalling Services, Crude Oil Pipeline Services, and Crude Oil Trucking Services.

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